On 10/18/13, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock will trade ex-dividend, for its monthly dividend of $0.1484, payable on 10/31/13. As a percentage of GLADP's recent share price of $25.60, this dividend works out to approximately 0.58%, so look for shares of GLADP to trade 0.58% lower — all else being equal — when GLADP shares open for trading on 10/18/13.

On 10/18/13, Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock ( GLADP) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 10/31/13. As a percentage of GLADP's recent share price of $25.60, this dividend works out to approximately 0.58%, so look for shares of GLADP to trade 0.58% lower — all else being equal — when GLADP shares open for trading on 10/18/13. On an annualized basis, the current yield is approximately 6.96%, which compares to an average yield of 6.07% in the "Financial" preferred stock category, according to Preferred Stock Channel.